The British pound was up 0. The Japanese yen continued trading at its weakest levels to the dollar in five years as the greenback gained 0. The dollar index had lost nearly 0. The European economy and the single currency are especially sensitive to the war and to the price of oil. Early in the day, major currency pairs had been relatively steady as markets waited to hear on Wednesday the tone of U.
Federal Reserve comments on interest rate policies in coming months. Traders want to see if the Fed gives hints to how quickly it will raise rates again after putting through the quarter-point increase they expect to be announced on Wednesday. The Fed's policy statement and economic projections are due at 2 p.
The central bank's effort to bring down surging inflation without triggering a recession is being challenged further by the impact of the Ukraine war. Ukraine President Volodymyr Zelenskiy said on Tuesday that Kyiv was prepared to accept security guarantees that stop short of its long-term objective of the NATO alliance membership, which Moscow opposes. Peace talks with Russia, via video link, resumed on Tuesday, the first time a round of talks ran into a second day. The dollar's rise since May last year makes the tone of Fed comments on Wednesday more important.
Its recent gains have come on its safe haven status during the Ukraine war and on expectations that U. Crypto Meet. Crypto TV. Expert Speak. Stocks Dons of Dalal Street. Live Blog. Stock Reports Plus. Candlestick Screener. Stock Screener. Market Classroom. Stock Watch. Market Calendar. Stock Price Quotes. Markets Data. Market Moguls. Expert Views. Technicals Technical Chart. Commodities Views News.
Forex Forex News. Currency Converter. Forex Rates Forex Returns 27 May Rupee inches 2 paise higher to Top News Dollar sinks to one-month low amid easing Fed rate hike bets Dollar hovers near one-month low as Fed minutes lack surprise Rupee edges up 3 paise to close at
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